View all text of Subchapter II [§ 7931 - § 7939]
§ 7937. Special marketing loan provisions for upland cotton
(a) Repealed. Pub. L. 109–171, title I, § 1103(a)(1), Feb. 8, 2006, 120 Stat. 5
(b) Special import quota
(1) Establishment
(A) In general
(B) Program requirements
(C) Tight domestic supply
(D) Season-ending United States stocks-to-use ratio
(E) Delayed application of threshold
(2) Quantity
(3) Application
(4) Overlap
(5) Preferential tariff treatmentThe quantity under a special import quota shall be considered to be an in-quota quantity for purposes of—
(A)section 2703(d) of title 19;
(B)section 3203 of title 19;
(C)section 2463(d) of title 19; and
(D) General Note 3(a)(iv) to the Harmonized Tariff Schedule.
(6) Definition
(7) Limitation
(c) Limited global import quota for upland cotton
(1) In general
(A) Quantity
(B) Quantity if prior quota
(C) Preferential tariff treatmentThe quantity under a limited global import quota shall be considered to be an in-quota quantity for purposes of—
(i)section 2703(d) of title 19;
(ii)section 3203 of title 19;
(iii)section 2463(d) of title 19; and
(iv) General Note 3(a)(iv) to the Harmonized Tariff Schedule.
(D) DefinitionsIn this subsection:
(i) SupplyThe term “supply” means, using the latest official data of the Bureau of the Census, the Department of Agriculture, and the Department of the Treasury—(I) the carry-over of upland cotton at the beginning of the marketing year (adjusted to 480-pound bales) in which the quota is established;(II) production of the current crop; and(III) imports to the latest date available during the marketing year.
(ii) DemandThe term “demand” means—(I) the average seasonally adjusted annual rate of domestic mill consumption during the most recent 3 months for which data are available; and(II) the larger of—(aa) average exports of upland cotton during the preceding 6 marketing years; or(bb) cumulative exports of upland cotton plus outstanding export sales for the marketing year in which the quota is established.
(iii) Limited global import quota
(E) Quota entry period
(2) No overlap
(Pub. L. 107–171, title I, § 1207, May 13, 2002, 116 Stat. 161; Pub. L. 109–171, title I, § 1103(a), Feb. 8, 2006, 120 Stat. 5.)